Bauxite mining to increase exponentially in Vietnam

The Vietnamese government's decision to initiate bauxite mining in the northern region, focusing on three previously unexplored sites, marks a significant step towards resource diversification. This strategic move aims to harness the potential of these untapped locations and underscores the importance of sustainable resource management in driving economic growth. As the demand for aluminium continues to rise, this endeavour could contribute to local development and the broader industrial landscape.

On August 9, 2023, the Ministry of Industry and Trade stated that the intention is to establish one location in Lang Son Province and two others in Cao Bang Province by 2030. However, the combined ore capacity will range from 1.55 to 2.25 million tonnes per year.

Furthermore, two currently operational mines within Lam Dong Province, situated in the Central Highlands, are set to undergo enhancements to boost their production capacities.

The government is considering the potential of extracting between 6.8 to 11.2 million tonnes of bauxite each year from four provinces situated in the central highlands. According to the US Geological Survey, Vietnam holds the world's second-largest bauxite reserves, amounting to 5.8 billion tonnes, with Guinea taking the lead with 7.4 billion tonnes.

Most of Vietnam's bauxite reserves are concentrated in the Central Highlands region, with Dak Nong Province, in particular, holding a significant portion of these reserves.

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